Tag: stock

Posted in Money

Business News | Stock and Share Market News


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Posted in Money

Dumb Money Making Smart Stock Picks in Yearlong Robinhood Rally

(Bloomberg) — One unexpected casualty of the 2020 market will be the popular notion that the pros have it over the amateurs when it comes to choosing stocks.

Top holdings by traders on the Robinhood retail app since the start of the year are up more than 1% on average, compared with a decline of 7% for the typical S&P 500 constituent. An analysis by Bespoke Investment Group shows that stocks usually attract a following on the platform after they suffer big drops, suggesting its newbie day-traders are succeeding at investing’s hardest task: Buying low and selling high.

“While commission-free, low-dollar traders are often viewed as a group who tend to do the opposite of the right thing (to be a little more derisive, ‘dumb money’), the Robinhood data actually suggests the opposite,” George Pearkes, a macro strategist at Bespoke, wrote in a report.

By now, the story is well

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Posted in Personal

4 Reasons Why Helen of Troy Appears to be a Lucrative Stock

While the outbreak of COVID-19 has crumbled several businesses, many companies in the consumer staples space appear to be on firm grounds. One such consumer staple player benefiting from such trends is Helen of Troy Limited HELE, with its shares up as much as 40.6% in the past three months compared with the industry’s growth of 18.7%. The company’s Health and Home segment has been benefiting from consumers’ rising demand due to the pandemic.

In fact, this was witnessed in the company’s recently reported first-quarter fiscal 2021 results, wherein both top and bottom lines increased year over year and beat the Zacks Consensus Estimate.

Apart from the rising COVID-19-induced demand, Helen of Troy has been gaining from its robust strategic endeavors. Notably, the Zacks Consensus Estimate for fiscal 2021 earnings has gone up 14.2% in the past seven days to $9.73. Let’s delve deeper into the factors working well for

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Posted in Personal

Stitch Fix Gains 72% in 3 Months: What’s Driving the Stock?

Stitch Fix, Inc. SFIX is displaying solid momentum on bourses thanks to its constant efforts to improve client experience. Notably, management continues to strengthen its digital capabilities, with its direct-buy service stealing the show. Impressively, this online personal-styling service company’s shares have appreciated 72.3% over the past three months, significantly outperforming the industry’s 14.6% rally and the broader S&P 500 Index’s 12.5% growth.

Let’s Explore

Stitch Fix’s direct-buy facility, which was introduced last year, has been gaining massive popularity. This integrated facility allows clients to shop and select products directly from the company’s website or mobile app with highly personalized recommendations. Management continues to expand the facility to grab higher market share. The company has also started collecting client-feedback data on shipped direct-buy items, which will further reinforce personalized recommendations.


In order to make the facility an important client-acquisition tool, the company introduced “Trending For You” in early June. This

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Posted in Personal

‘Bank’ offering 6% called Loan Doctor sued for allegedly trading ‘insured’ deposits in stock market

Last November, a company called Loan Doctor Financial launched an online CD account called a “Healthcare Finance Savings CD Account” that claimed to pay interest rates of 6%. With the deposits, the company, which called itself a “commercial bank” would purportedly make loans to medical professionals, which it said represented a low credit risk. 

With the very best rates of the online banks (Marcus, Ally, Synchrony) paying around 2% APY, the numbers stuck out because they were pitched as an almost risk-free investment with returns rivaling the stock market’s.

But this week, the Consumer Financial Protection Bureau filed suit against the company and its CEO Dr. Edgar Radjabli for “deceptive acts and practices in marketing a savings CD account.”

Among the practices the CFPB alleges: taking money from people who thought it was going to insured cash-equivalent accounts and instead using the funds to trade stocks.

More than 400 people

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Posted in Insurance

China State Funds Start Selling in Warning Sign for Stock Rally

(Bloomberg) — China acted to cool the speculative frenzy in its $9.5 trillion stock market, snapping a euphoric eight-day surge that had fueled worries of a new equity bubble in the making.

Signs of Beijing’s unease over the rally’s speed emerged late Thursday, when a pair of government-owned funds announced plans to trim holdings of stocks that soared this week. On Friday the state-run China Economic Times warned about the dangers of a “crazy” bull market, while Caixin reported that regulators had asked mutual fund companies to cap the size of new products.

Traders said the moves amounted to a warning from Chinese officialdom that the country’s world-beating equity boom has gone too far, too fast. While cheerleading from state-run media helped ignite gains at the end of last month, authorities appear keen to engineer a steady bull market rather than a repeat of the bubble that ended in a

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Posted in Business

Does Mirror Acquisition Make Lululemon Stock a Buy Again?

Lululemon (NASDAQ:LULU) has been lagging since the company reported earnings in early June. However, LULU stock caught a bid on June 30, on news that it will acquire Mirror for $500 million.

Does Mirror Acquisition Make LULU Stock a Buy Again?

Source: Sorbis / Shutterstock.com

Shares closed off the highs, but still climbed 6% on the day. Why the enthusiasm? Because Lululemon bought into a growing secular theme that plays nicely with its current business model.

Breaking Down the Deal

Mirror is an at-home workout startup. Like its name implies, the company’s lead product is literally a giant mirror that also plays video. That video allows instructors to lead live classes, giving a gym-like experience to users who are at home.

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

It’s sort of like Peloton (NASDAQ:PTON), shares of which have exploded higher in 2020

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Posted in Finance

If you don’t get more stimulus checks this summer from Uncle Sam, here’s how the stock market may react

With cities across major states such as California, Florida and Texas returning to some form of lockdown due to spiking COVID-19 cases after brief full re-openings, it’s becoming clear the U.S. economy will likely need a fresh jolt of stimulus from lawmakers.

If that stimulus isn’t received this summer the stock market — which has been blindly rallying despite growing risks of a renewed dive in economic activity because of COVID-19 —could easily fall off a cliff.

“It will be a hit, no question,” warned Belpointe Asset Management chief strategist David Nelson on Yahoo Finance’s The First Trade of the risk to stocks if more stimulus isn’t enacted. Other pros Yahoo Finance has chatted up estimate the stock market could plunge nearly 20% if lawmakers don’t enact additional stimulus.

Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, individuals were eligible for up to $1,200 (depending on income level)

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